Will platforms be able to cash in on NISAs?

LEADER

The advent of the revamped ISA will present a challenge as well as an opportunity.

A late Easter meant the dust had well and truly settled on the 2014 ISA season once the investment industry got back to the post-holiday grind last week. But changes announced in last month’s Budget mean tax-efficient savings are still at the forefront of everyone’s minds as we move into spring and summer. That is because July, of course, heralds the introduction of the new ISAs (NISAs) unveiled by George Osborne in March: a tax-free allowance of £15,000 held across both investments and cash. That brings to an end the previous division of cash and stocks & shares ISAs, and the enco...